Mortgage Insurers Call Off Proposed Merger (New York Times) MGIC Investment Corporation and the Radian Group, scrapped their merger plan on Wednesday, the latest casualty of the turmoil in mortgage markets.read more...
Out of the Gate: Anworth Mortgage (AP via Yahoo! Finance) Shares of Anworth Mortgage Asset Corp. seesawed in early trading Thursday, mirroring an uncertain trading climate due to concerns with meltdowns in the mortgage and credit markets.read more...
CoreLogic Helps Mortgage Lenders Reduce Borrower Fraud (Business Wire via Yahoo! Finance) CHICAGO----May 8, 2006--Identity theft and other borrower-based fraud techniques are becoming increasingly more sophisticated, exacting a much greater toll on profits for mortgage lenders.read more...
Putting off the Mortgage Pain, Until ... These two articles fit together - first, from the NY Times: Re-refinancing, and Putting Off Mortgage Pain It is the latest twist in the gravity-defying world of the high housing
Is a Recession on the Way? "Clearly, we are in a very difficult period." Economists and politicians can debate all they want about whether the nation is sliding into its first recession in nearly seven
Ex-employee slams contractor in court "He would tell me this from his BMW or his $600,000 house" The former sales manager for Lehigh Valley contractor Michael Salavati testified Wednesday his boss never cared about
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